Michael Ballanger: CME's 'fiat police' arrive right on schedule

Mining entrepreneur Michael Ballanger writes this week that the bitcoin futures market started by CME Group has done its job, knocking the legs out from under the cryptocurrency.

As the British economist Peter Warburton wrote in 2001 in his essay "The Debasement of World Currency: It's Inflation, But Not as We Know It," under the control of central banks and their agent investment banks, futures markets function mainly to prevent investors from finding any hedge against the devaluation of government currencies:

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